Business-only bank Tyro is claiming an Australian-first with its first merchant — Heinemann Australia — implementing the Chinese mobile payment platform Alipay in its new stores at Gold Coast International Airport.
Reinforcing its strategy to accept all payment types in response to merchant needs, business-only bank Tyro has entered an agreement with the world’s largest mobile and online payment platform, Alipay.
Promising "least-cost routing," Tyro says it offers "SMEs substantial savings on rerouted scheme debit tap-and-go payments."
In accordance with the RBA's request, business banker Tyro says it is "offering merchants the option of lower cost debit contactless payments".
Independent EFTPOS institution Tyro Payments claims Australian banks are holding back business and the economy because they won’t grant loans to small and medium-sized businesses unless owners put up their houses as collateral.
Banking and EFTPOS payments provider Tyro Payments has appointed former PayPal Credit Australian founder Kareem Al-Bassam as its new head of product.
With Christmas and the year’s end there’s always a swag of reports about festive season spending. In a new report from EFTPOS payments provider Tyro, Australians are forecast to make 1.5 billion transactions between now and the end of the January post-Christmas sales – peaking at an estimated 85,000 transactions per minute - and amounting to a six week $100 billion spending spree.
Former Telstra digital chief Gerd Schenkel is the new boss of payments processing company Tyro, taking over from founder and largest shareholder Jost Stollmann.
Card payments provider Tyro has warned that Australia’s position in the global fintech market could be jeopardised if big banks are allowed to retain control of customer transaction data.
The Commonwealth Bank has copped a spray from Tyro over the latest of a string of outages of its online services, with the upstart payments provider saying it’s about time Australia’s banking system adopted world’s best practice and invested in state of the art systems required for the 21st century.
EFTPOS provider Tyro says half a million Australian small and medium sized businesses can now accept mobile payments in-store from millions of PayPal users through its new partnership with the global payments giant.
EFTPOS Payments provider Tyro Payments wants the fees banks and other financial institutions charge each other for processing credit and debit cards to be abolished.
Tyro Payments CEO Jost Stollmann claims low income Aussies are paying up to $500 million a year in unnecessary credit and debit card fees to subside richer Australians due to what he says are “hidden billing practices” of the largest banks.
Accounting software vendor MYOB has taken up a minority stake in Australian Point-of-Sale start-up Kounta and will offer an integrated accounting and POS solution to the market.
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